The US dollar is losing its reserve currency status
Here’s what you should know 
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The US dollar has been the backbone of the global economy for decades
Several countries even use the US Dollar as an official currency, like El Salvador, Panama, and Ecuador
In 1944, the Bretton Woods Agreement established the US Dollar as the world’s reserve currency
44 countries agreed to a global monetary system that would be underpinned by the US Dollar, which in turn was backed by gold.
That system was done away with in 1971:
![画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="680" height="360"><rect fill-opacity="0"/></svg>)
Historically, the US dollar has been a safe haven for international investors.
In times of crisis, money often flows into the US dollar as investors seek refuge from trouble in other economies.
But 2014 was a huge turning point:
Russia and China looked to shift the paradigm
They no longer wanted to rely on the US dollar for international trade and investment
This trend is called “De-Dollarization”
De-Dollarization is happening everywhere
Central Banks bought gold at a faster pace last year than they have in any year since 1987
This signals a desire for countries to back their own currencies with gold rather than the US Dollar
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Today, trade is shifting away from the purview of the United States Dollar
Take a look at how the volume of Chinese-Russian trade denominated in Yuan has spiked since the start of 2022:
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Grit Capital
@Grit_Capital
Russia has turned to China's Yuan to reduce reliance on the US Dollar
![画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="679" height="387"><rect fill-opacity="0"/></svg>)
Other markets are shifting to the Yuan as China becomes a more influential superpower
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Wall Street Silver
@WallStreetSilv
China and France complete first Yuan-settled LNG trade, signaling the end of using the US Dollar for these energy trades.このスレッドを表示
![画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="680" height="528"><rect fill-opacity="0"/></svg>)
But this fight is far from over for the Dollar.
The Dollar still dominates foreign exchange reserves, but that lead is slowing being chipped away
Here’s a chart from the Federal Reserve that shows how foreign exchange reserves have changed since 2000. The dollar has been slowly but steadily losing its share of foreign reserves:
![画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="680" height="390"><rect fill-opacity="0"/></svg>)
Does this mean the US Dollar is doomed?
Not at all. It’s still considered one of the most stable currencies, if not the most stable currency in the world.
There is still a strong demand for US Dollars. But now, the dollar has some serious competition.
I’ll keep you up to date on the US dollar in my daily newsletter:
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Another one:
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unusual_whales
@unusual_whales
BREAKING: China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary,
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Great book on the subject, highly recommended
![画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="506" height="900"><rect fill-opacity="0"/></svg>)
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I read it and got the chance to meet Ray Dalio 
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Sergei Perfiliev 
@perfiliev
Dollar is like Facebook.
No one likes it and everyone says it's dead, but it still got billions of active users worldwide.
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TLDR: The U.S. dollar is, in fact, NOT losing world reserve currency status, because there is no viable alternative currency.
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Maybe read the thread all the way to the end!
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返信先: さん
Probably the number one thing you should know is that the US dollar is not losing its reserve currency status
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返信先: さん, さん
hmmm
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![ビジネスプロフィール画像](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24"><rect fill-opacity="0"/></svg>)
Watcher.Guru
@WatcherGuru
JUST IN: 
Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.このスレッドを表示
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Russia and China teaming up against American interests... weird...
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Not worried about that nor the dollar losing its reserve status.
When people stop wanting to become Americans and stop purchasing our goods and services, I'll start worrying.
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